Overdraft
Make payments directly from your business current account and manage your cash flow with a business overdraft facility
How to get it
- Application form
- The CV of each member of the management team i.e. management profile
- Company profile
- A valid means of identification of each director and signatory (voter’s card, international passport or a driver's license)
- The purpose of the facility
- 3-year financial statements of the business, including an income statement, balance sheet and cash flow statements (where available)
- Personal statements of assets and liabilities of all the partners, members or directors
- A cashflow forecast showing the impact of the facility and repayment capabilities
- Bank account statements for the last 12 months
what it costs
- Only pay interest on the amount you use
- No account fees
- Competitive interest rates
What you get
- A convenient way to manage cashflow in the event of shortfalls
- A flexible form of credit which means you can use the funds at any time during the agreed overdraft term.
- You pay interest only on funds utilized.
- Up to 12 months to repay your overdraft facility
- Preferred rates on business insurance products
- Access to our 24 hours business support helpline
- Full e-banking options, which include internet, mobile and USSD banking
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How to get it
-
what it costs
-
What you get
- Application form
- The CV of each member of the management team i.e. management profile
- Company profile
- A valid means of identification of each director and signatory (voter’s card, international passport or a driver's license)
- The purpose of the facility
- 3-year financial statements of the business, including an income statement, balance sheet and cash flow statements (where available)
- Personal statements of assets and liabilities of all the partners, members or directors
- A cashflow forecast showing the impact of the facility and repayment capabilities
- Bank account statements for the last 12 months
- Only pay interest on the amount you use
- No account fees
- Competitive interest rates
- A convenient way to manage cashflow in the event of shortfalls
- A flexible form of credit which means you can use the funds at any time during the agreed overdraft term.
- You pay interest only on funds utilized.
- Up to 12 months to repay your overdraft facility
- Preferred rates on business insurance products
- Access to our 24 hours business support helpline
- Full e-banking options, which include internet, mobile and USSD banking